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BREAKING: New UAE Business Can Be 100% Foreign-Owned
In a major bid to entice foreign investment, the UAE government has announced amendments to commercial laws.
Companies will no longer need Emirati co-ownership and can be 100% foreign-owned, an act which would reduce costs for investors considering doing business here and make starting a business more accessible. The announcement came along with the further adjustments to commercial company law, according to The National. The key points include:
-Onshore companies no longer need a UAE shareholder
-Board of directors no longer need an Emirati majority
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More info to follow…
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